Taxicab Insurance Could Cover More of Your Injuries Than Traditional Vehicle Insurance

With Dallas and Fort Worth growing and business booming here, there are more taxicabs transporting people on our roads. Unfortunately, this also results in more taxicab accidents, causing serious injuries—and in some cases even fatalities—to passengers. Because of the risk of serious injury at the hands of taxi drivers, taxi companies are required to carry insurance with higher limits of coverage than the average driver.

Cab Companies Have Much Higher Insurance Minimums than Individual Drivers

Many of us have experienced a harrowing cab trip in the city, but what happens if the driver actually crashes and injures his passengers? If the cab driver is found to be at fault in the accident, he and his employer are liable for the injured victim’s recovery costs.

Texas law sets the minimum requirements for automobile drivers and taxicab insurance. While automobile drivers are required to carry a liability insurance policy with limits of $30,000 for each injured victim and $25,000 for property damage per accident, taxicabs are required to carry a lot more. Each cab must be insured for $300,000 in medical coverage and $100,000 in accidental death coverage. In Dallas and Fort Worth, however, taxicab companies are required to carry $500,000 in insurance.

A victim of a taxicab accident may be entitled to compensation for medical bills, lost wages, and pain and suffering. Don’t assume that because the driver is a professional, he is not responsible for the safety of his passengers and legally liable for damages he causes, either to person or property. Not only is the driver liable, but the cab company is as well.